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Disability and Life Insurance up to $50,000.00 is available on all loans at a nominal cost to the member.
Life Insurance is provided on Savings accounts up to $2000.00 per member.
TCP Credit Union offers MEMBER'S CHOICE Home Mortgage Protection on Mortgage loans. MEMBERS CHOICE Home Mortgage Protection will reduce or pay off your mortgage of you or your co-borrower should die. This life insurance protection is available to you if you are 18 through age 69. And, because it's a group decreasing term life policy you get full mortgage protection at affordable group rates. With decreasing term, the policy face value declines in line with your mortgage. How Does it Work? Select the amount of mortgage insurance you need--from $5000.00 up to $450,000.00 (not to exceed your outstanding mortgage balance). To be eligible for this coverage, your original loan period must range from a minimum of 10 years to a maximum of 20 years. Joint Coverage Option In addition to providing coverage to you, the same amount of life insurance is available to your co-borrower.. The premium for the co-borrower is only one half of your premium. Only one benefit will be paid should both of you die simultaneously, and coverage ends upon death of the first insured. Guaranteed Rates You cannot be singled out for a rate increase. Rates are designed to remain level for the life of the coverage. Your rate cannot be increased unless rates are increased for everyone in the insured group. For more information or any questions you may have about Members Choice Mortgage Protection simply call 1-800-356-6006. Underwritten by CUNA Mutual Insurance Society of Madison, WI.
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Your savings are Federally Insured to at least $100,000.00
